Monday, November 16, 2009

EMU Economic Indicators Preview (Week of 16 to 22 November 2009)

  • German / EMU GDP (Q3): up
  • German ZEW economic sentiment (November): slight rebound
  • Output in the German producing sector (September): up
  • EMU industrial production (September): unchanged

Harmonized consumer prices in Italy for October are unlikely to be revised significantly. Final HICP inflation in the eurozone will probably be confirmed at -0.1% yoy in October; this would correspond with a monthly inflation rate of up to 0.3%. In November, year-on-year inflation is expected to return into positive territory for the first time since April.

Following their usual seasonal pattern, the EMU trade balance and current account are expected to have improved in September, just like the corresponding German figures.

This report has been prepared by BHF-BANK Aktiengesellschaft on behalf of itself and its affiliated companies (together "BHFBANK Group") solely for the information of its clients.
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